German property market outlook

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      <subfield code="a">Last year, there was only one subject to discuss in a real estate market outlook: the COVID-19 pandemic and its consequences. This year, we have not escaped the pandemic as hoped and, in terms of infections, we have reached new peak levels. Nevertheless, the subject is drifting into the background of the real estate debate as other issues take its place. This is no doubt due on the one hand to an element of pandemic fatigue. On the other hand, however, the most extreme side effects for the real estate markets have subsided. Hotels are hotels again, and no longer alternatives to working from home, and evento spaces are no longer merely film studios, to give just two examples.</subfield>
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